Cymer's Q2 sales falls 8% over Q1
Semiconductor Business News
07/22/2003, 6:00 PM ET
SAN DIEGO -- Excimer laser light supplier Cymer Inc. reported a loss of $5.2 million, or minus $0.15 per share, compared to net income of $6.6 million, or $0.18 per share, recorded in the second quarter of 2002.
Total revenue for the second quarter of 2003 was $62.4 million, a 15 percent decrease from total revenue of $73.7 million posted in the second quarter of the prior year.
In the previous period, Cymer posted a loss of $3.3 million, or minus $0.10 per share. It posted sales of $62.4 million, a decrease of 8 percent.
In a statement, Bob Akins, Cymer's chief executive officer, noted: "The second quarter, much like the first quarter, was difficult to predict and plan for, with a high level of volatility attributable to customer push-outs in the quarter of krypton fluoride (KrF) light sources, reflecting lack of demand for capacity related tools. The vast majority of our second quarter shipments remained technology-driven, and we are pleased that shipments and new orders for the XLA 100, our dual stage 4 kHz argon fluoride (ArF) light source, met our aggressive new product ramp-up expectations."
Cymer currently estimates that total revenue in the third quarter of 2003 will be relatively flat with second quarter 2003 revenue, plus or minus a few percentage points. |
